The indicated critical value of z₀.₁₁ is 0.54.
What does it mean round to two decimal places?
The second place to the right of the decimal point, or the hundredths place, is used to round a decimal value to two decimal places. For instance, you can round 2.83620364 to two decimal places as 2.84 and 0.7035 to two decimal places as 0.70.
A crucial value is the test statistic's value that establishes a confidence interval's upper and lower boundaries or the level of statistical significance for a given test.
The critical value of z₀.₁₁ is z₀.₁ ₊ ₀.₀₁ = 0.5438
The round to two decimal places of 0.5438 is 0.54.
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